Andersons Stock To Go Ex-dividend Tomorrow (ANDE)
NEW YORK (TheStreet) -- The ex-dividend date for Andersons (Nasdaq:ANDE) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $48.13 as of 9:30 a.m. ET, the dividend yield is 1.2%.
The average volume for Andersons has been 160,500 shares per day over the past 30 days. Andersons has a market cap of $803.1 million and is part of the consumer goods sector and food & beverage industry. Shares are up 10.3% year to date as of the close of trading on Tuesday.
The Andersons, Inc. engages in the grain, ethanol, plant nutrient, railcar leasing and repair, turf products production, and general merchandise retailing businesses. It operates in six segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. The company has a P/E ratio of 9.3, above the average food & beverage industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Andersons as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Andersons Ratings Report.